ITC has been making a descending triangle for almost 4 months
The stock is near it's major weekly support
Offers good risk reward at the moment
Expect a good momentum if the triangle is broken on the upside with the rejections marked in the chart as potential targets
Suggested SL : 193
If you find the post useful, give a like and show your support(Please do the same for others also as a token of motivation).
Please stay safe. Happy Trading!
Regards,
Segan
The stock is near it's major weekly support
Offers good risk reward at the moment
Expect a good momentum if the triangle is broken on the upside with the rejections marked in the chart as potential targets
Suggested SL : 193
If you find the post useful, give a like and show your support(Please do the same for others also as a token of motivation).
Please stay safe. Happy Trading!
Regards,
Segan